The Notes have a 11-year maturity, an embedded issuer call option after 6 years, and a fixed coupon of 5.50%. Settlement will take place on 3 June 2026. The Notes will be listed on Euronext Amsterdam. The Green Tier 2 notes are expected to have a Fitch rating of BB+. The transaction attracted significant interest from approximately 50 national and international institutional investors. 

Tier 2 Bonds

This is the third issuance under Triodos Bank’s EUR 2.5 billion Debt Issuance Programme, established in 2024, and qualifies as a Green Bond as set out in Triodos Bank’s Green Bond Framework published in December 2025. The proceeds of the issuance will be used to (re)finance eligible green loans. This transaction helps preserve Triodos Bank’s capital structure and loss-absorbing capacity while maintaining a prudent management buffer to requirements. Triodos Bank maintains an active approach to capital management, supporting regulatory compliance and efficient capital structure optimisation.

The base prospectus for the programme dated 20 June 2025 is comprised of the registration document and the securities note as supplemented on 26 May 2026, both available on Triodos Bank’s website: 
https://www.triodos.com/en/investor-relations/debt-investors. The base prospectus has been approved by the Autoriteit Financiële Markten (AFM, the Dutch Authority for the Financial Markets).

ABN AMRO and BNP Paribas acted as Joint Lead Managers of the issue. 

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The information in this document has been obtained or derived from sources believed by Triodos Bank N.V. to be reliable at the date of publication of this document. However, no representations are made as to its accuracy or completeness. The information may be subject to change, and Triodos Bank N.V. assumes no undertaking to revise or amend the information provided, or to provide any update in respect of any change related thereto. Triodos Bank N.V. accepts no liability for loss arising from the use of the information. The information is: (i) for discussion purposes only; (ii) not to be regarded as (investment) advice; and (iii) not to be relied upon in substitution for the exercise of independent and sound judgement.  
 
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